The British Business Bank, the UK’s economic development bank, has appointed Richard Bearman and Reinald de Monchy as Co-Chief Banking Officers, with a shared responsibility for all of the organisation’s banking activities for smaller businesses.

Bearman will oversee a new Relationship Management function bringing together a number of existing skillsets across relationship management, account management and customer services. This will help to support a consistent, integrated and holistic approach towards the Bank’s delivery partners and enable them to create a seamless growth pathway for businesses across the Bank’s products.

Reinald de Monchy will oversee the Bank’s Product teams, which will develop products and manage transactions across the Bank’s Guarantee & Wholesale and Small Business Lending programmes.

The two functions will work closely in terms of originating new transactions and sharing market feedback.

Louis Taylor, CEO, British Business Bank said “Richard has a wealth of experience in positions focused on serving the needs of smaller businesses, both at the British Business Bank and prior to joining the organisation. I am delighted he will be bringing that experience and expertise to this important new role at the Bank.

“Reinald has a considerable track record of managing the design and implementation of programmes that bring strong benefits to smaller UK businesses. During his time with the Bank, he has been responsible for the introduction of a number of creative solutions to weaknesses in the market, and I look forward to working with him so our product offering can provide even more benefit to businesses and the wider UK economy.”